Thursday, November 27, 2008

New Obama Appointee Rubin on Personal Responsibility

This ought to be an interesting 4-8 years. Let's hope it's 4. Robert Rubin on the Citibank mess:

Then there's board member and former Treasury Secretary Robert Rubin, who has received over $100 million in compensation from Citi in 10-plus years, according to the New York Post."I don't feel responsible, in light of the facts as I knew them in my role," Rubin told the New York Times back in April. "In hindsight, there are a lot of things we'd do differently. But in the context of the facts as I knew them and my role, I'm inclined to think probably not."

More from the Seattle Times.

Although Rubin has been cagey about his role at Citigroup, what is
indisputable is that all of the decisions that have led to the recent troubles
were taken while he was chairman of the executive committee and were made by
executives whom he supported and with whom he worked closely day to

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